May 21, 2024

Litigation Finance and Your Career

Subscribe to Our Newsletter

Newsletter


W. Tyler Perry

|

May 21, 2024

Back when law was a profession and not a business, landing a job at an established firm reasonably set you up for a long and fruitful career.  Firms had institutional clients.  Lateral moves among stable firms were rare.  And partners cared about mentoring the next generation because the next generation would pay for their retirement.  Those halcyon days are long gone.  Today, even the most profitable and prestigious firms suffer defections as partners search for the highest guaranteed dollar.  The corollary effects of this reality are legion, but one of the more interesting ones is that it has substantively increased the need for associates to take ownership of their careers at an increasingly early stage.  In this changing ecosystem, if you want to succeed, you need to be an entrepreneur.  And litigation finance can help. 

One of the key methods successful lawyers use to build a book of business is assisting their friends and members of their broader professional network who might need legal services.  For more senior partners, this usually means staying in touch with friends, classmates, and former colleagues who have management positions at large banks or corporations and hoping that they will refer work.  Unfortunately, the people most in need of those connections ( i.e., associates and junior partners) generally do not have such well-placed contacts.  One of the key exceptions to this general rule, however, is early-stage startups and small businesses.  Even in your twenties and early thirties, there is a good chance that you know someone who has started a business.  Those companies have litigation; indeed, they often have high-value litigation that they fail to pursue based on the fact that they do not have sufficient funds and the consequent assumption that they are without recourse.  Be the conduit that rights their wrongs by using litigation finance to pursue such matters.  Your ability to do so proactively will show value to both the firm and your client.  And will help differentiate you from your colleagues. 

I started my career at a big law firm in New York.  As a general rule, they are great places to learn by working with accomplished lawyers on headline-grabbing matters.  But even in big law, equity partners in litigation spend significant amounts of time worrying about their next big matter, particularly as rates have risen through the roof.  Searching for a solution, an increasing number of firms have taken the tack of developing contingency fee practices.  If you are fortunate enough to work at such a firm, give thought to developing your own litigation thesis and pursuing that worthy claim.  

A big part of this process is getting over the fear that you cannot identify meritorious cases.  Do not worry.  Hard work, drive, and an entrepreneurial spirit can get you far. And, to the degree that you worry about experience, involve your more senior colleagues in the process.  They like initiative and are usually willing to help, particularly where it could increase the firm’s revenue.  The best way to do this is to think like a plaintiff lawyer. Read the news. Talk to members of the community. Think about how your area of experience can uniquely position you to bring cases. In their best form, plaintiff lawyers seek to redress concrete societal harms through the courts. Be that active citizen.  

Another option for the ambitious senior associate or non-equity partner seeking to make a name for themselves is to build your own practice.  Historically, very few people left big law to start their own firms; indeed, doing so was often a mark that you simply “couldn’t cut it” in the big leagues.  Not so anymore.  Today, we increasingly see strong lawyers launch their own practices at an earlier stage of their careers as a means of sidestepping the political and economic considerations that can artificially stifle careers at established law firms.  Like venture capital firms, litigation funders can provide seed capital for law firms that have a clear business plan and book of meritorious cases.  

***

The bench of litigation finance firms is wide, and it can be difficult to differentiate among organizations in the space.  At its core, what makes Certum Group different is our unique ability to help you be the entrepreneur you need to be in order to make a place for yourself in the increasingly competitive world of high-end litigation.  Our team of lawyers has worked at some of the top firms in the country and is well placed to help you bring meritorious litigation or launch your own firm.  Call us.   We can help. 

The post Litigation Finance and Your Career appeared first on Certum Group.

Certum Group Can Help

Get in touch to start discussing options.

Recent Content

Blurred view through glass of a meeting in a sunlit office.
By Certum Team January 12, 2026
Litigation finance has become an essential tool for modern litigation strategy — but with its growth has come a wave of discovery requests seeking information about funding arrangements. These requests are improper, burdensome, and legally unsupported. To help lawyers and litigants push back with confidence, Certum has released a new Model Brief Opposing Discovery of Litigation Funding—a comprehensive, practitioner-oriented document designed to equip litigators with the strongest arguments, cases, and frameworks available. This publication is now available for free download . The Model Brief is part of Certum’s growing library of thought leadership and practical guidance on litigation finance and insurance. That library includes Certum’s Guide to Litigation Funding and its annual survey of in-house counsel . Across federal and state courts, parties continue to seek discovery into litigation funding sources and materials, often as a tactic rather than a legitimate inquiry into claims or defenses. These efforts raise serious issues: Privilege and work-product concerns Chilling effects on access to justice Attempts to shift focus away from the merits Increased litigation costs and delays Yet for many lawyers, responding to these requests requires reinventing the wheel. Certum’s model brief solves that problem. It provides a structured, persuasive, and research-backed response that can be adapted swiftly to any case. Click here to download the brief.
By Certum Team January 6, 2026
Bloomberg recently interviewed Certum Group’s William Marra as part of its coverage of efforts by commercial liability insurers to require the disclosure of third-party litigation funding agreements. Marra explained to Bloomberg that “[t]he disclosure of litigation funding risks putting impecunious litigants at a systematic disadvantage in our legal system,” adding mandatory disclosure “can disclose to defendants very valuable information, including who has funding, and critically, who does not have funding.” Marra further responded to the argument that litigation funders might fuel frivolous litigation. “To the contrary, the evidence shows that funders serve as a very effective screen, only backing the most meritorious cases, and if anything, likely resulting in fewer weak cases getting filed,” Marra said. This statements builds on arguments Marra previously advantaged in a Vanderbilt Law Review article about litigation funding.  The Bloomberg article is available here .
Blurred view of a business meeting in progress through a glass door. People are seated around a table.
By Certum Team December 17, 2025
Certum’s William Marra has been elected to the Board of Directors of the International Legal Finance Association, the litigation finance industry’s leading advocacy group. Will joins five other new members of ILFA’s Board, including: Marcel Wegmüller, the co-founder and CEO of Nivalion; David Perla, the Vice Chair of Burford Capital; Erik Bomans, the CEO of Deminor Recovery Services; Kacey Wolmer, the CEO of Contingency Capital; Rob Rothkopf, the founder and Managing Partner of Balance Legal Capital. “We are honored to welcome Marcel, David, Erik, Kacey, Rob, and William to ILFA’s Board of Directors,” said Paul Kong, the Executive Director of ILFA. “Each brings exceptional expertise, deep industry insight, and a demonstrated commitment to the responsible growth of legal finance. Their leadership will strengthen ILFA’s work to promote transparency, expand access to justice, and support the continued global development of our industry.” “I am delighted to join ILFA’s Board and assist with its important public policy work,” Will Marra said. “Litigation finance helps level the playing field and ensures cases are resolved based on their merits, not the size of a party’s checkbook. LFA’s advocacy for claimholders who need litigation finance is more important now than ever before.” The International Legal Finance Association (ILFA) represents the global commercial legal finance community, and its mission is to engage, educate and influence legislative, regulatory and judicial landscapes as the voice of the commercial legal finance industry. It is the only global association of commercial legal finance companies and is an independent, non-profit trade association promoting the highest standards of operation and service for the commercial legal finance sector. ILFA has local chapter representation around the world.